Bitcoin Forum

I'm not very technical competent, and I will gladly listen to anyone who wants to explain anything.

I'm trying to think of why Bitcoin has to be the coin that lasts into the future.
The primary reason I can think is due to it being the first, and therefore it's in a way more scattered?
Any new mineable crypto could quickly and easily be overtaken by a major entity who could then potentially control the majority of it,
which would be problematic for a decentralized currency.
And a pre-mined crypto could never become the largest.

Of course due to Bitcoin being the most used and largest crypto, as well as being the #1 trading pair,
there's currently not a lot of genuine reason for everyone to transfer to another currency, even if for example speed is improved,
since to be fair, the majority of people are just holding their bitcoins and in general there's not that much need for speed at the current point in time?

However, nothing is very certain and I'd gladly hear more reason as to why Bitcoin would remain the largest.
Seeing the conflict between Bitcoin and Bitcoin Cash is really toxic for the community and adoption at a whole,
I'm not convinced why there could not be something which incorporates the best of various platforms(smart contracts, privacy etc all in one?)

It's difficult to imagine adoption on a global scale that somehow would involve using many various currencies to achieve different things,
even if there were a 'layer' on top to simplify it.

One argument I heard tho is that any up and coming crypto technology can theoretically be added into any existing crypto, so therefore,
it's hard to challenge Bitcoin, since being the largest, new technology can just be added on top, therefore making any up and coming crypto redundant?

One problem I'm not fully understanding is how centralized it actually is, seeing this picture:
https://www.buybitcoinworldwide.com/wp-content/uploads/2017/02/pools1.png

While I understand that the miners making up the pool can stop mining, is this still not a threat to the network if the three largest pools could collaborate for control?
Partly considering the majority is chinese (less decentralized geographically(not sure if relevant)),
but they could technically ruin the network at any point?

There's no overwhelming reason why bitcoin will remain the top dog, right now there are arguably superior technologies but none that are as well known or that (as you mentioned) are as well spread as bitcoin is.

With regards to the mining pools, you're right that they could collaborate and cause chaos for bitcoin, for example if they all stopped mining at once, but given the way that difficulty scales it would be resolved in time.

Who says that bitcoin has to be the coin that lasts?

Why can't it be one of ten or twenty or fifty?

It should be! Each coin has a slightly different utility or structure. The variety keeps good competition. Bitcoin should be the "store of value" coin for the future, but the rest of the needs are up for grabs!

I think Bitcoin should already be a Crypto, because Bitcoin will ease the way in any payment transaction system.
And the programs that Bitcoin has made are very good at establishing all the people of this world in terms of work.

yes bitcoin has a reason why it is the future currency and it is the advantages we get from it.bitcoin transaction is very easy and faster transaction what we need in the future.

Simple answer: none. Bitcoin remains supreme over all crypto right now since it was the first to gain some form of value and acceptance over people. Aside from that, many people right still believes that bitcoin is the top cryptocurrency even though it lacks some fancy technologies and cool things which cryptocurrency has right now. It is also the most sought after cryptocurrency due to its value, and it's also the most famous cryptocurrency that people hear about. I for one thinks that once people got over bitcoin and the interest about it wane, it would die a pitiful death, though I don't see that coming even in the nearest future. There are a lot better cryptocurrency with better technology out there, sure, but people's eyes are on bitcoin right now. If it remained that way for decades to come, bitcoin's dominance would remain as is.

Come to think of it,bitcoin is mentioned more  by authorities than other cryptocurrencies when it comes to issues regarding regulations,bubbles etc.In my opinion bitcoin is likely to suffer a bad fate than other cryptocurrencies and so that will make it eventually unlikely to be the currency of the future.You can also look at it in this other sense,the founders and developers of most other currencies are well known and so can decide how to fall in line with authorities when it comes to keeping the currencies running.How about bitcoin whose founder is still anonymous till date?So in my opinion,bitcoin has a slimmer chance of becoming the currency of the future.

That's a good point, but wouldn't that also mean that whichever crypto would replace bitcoin would therefore already be "controlled"?

You are right. Governments will prefer a cryptocurrency which the developers are known. But I think bitcoin creator anonymity is one of its advantages. If a cryptocurrency founder is known by governments, they can force him/her to change it to a centralized system that they can control it.
If bitcoin remains the biggest cryptocurrency, we are the winners.

Bitcoin is the basement of all the Cryptocurrencies so many peoples are like to Bitcoin technology but currently many potential technologies are available in the market still Bitcoin is occupy the high marketcap. so future also everyone heard the Bitcoin then only they are all understand the other altcoins. For example Neil Armstrong is first touch in the moon and Aldren is second touch the moon but peoples are always know the Neil Armstrong so this is first and forever Cryptocurrency. Many peoples are forgot the second and above the coin but no one is forgot the Bitcoin because it is always ruling the Crypto market.

bitcoin is currently top dog because there is popular support for it.

in developed countries neofeudal structures have developed themselves that basically consist of a small proporty owning elite that lives in luxury at the expense of the nonproperty owners that are forced to sell their time. this system causes many stagnating unsecurities and other disadvantages.

in the developing world however there is common distrust against the government there. they all prefer currencies approved and prefered in the developed world.

as soon as a developed cryptocapitalism industry will emerge bitcoin will become opposed by many serious competing/cooperating cryptocurrencies, that seek to develop structures.. like iota cardano

https://www.cryptoproductivity.com/single-post/2018/04/10/Bitcoins-Possible-Future-According-to-Interest-Based-Game-Theory

i am also trying to establish new a dual layered, two dimensional form of cryptocurrency for usage in socioeconomics calling it "sources" for the post bitcoin time when bitcoin served its purpose to remove the banksters that are supporting and protecting the property billionaires.

We don't know if Bitcoin will remain the top crypto currency in the future or not. People always tends to trust things that has been on the market for a long time. They are we known and well spread. New technologies kinda make people a bit suspicious and they do not wish to use them as long as they are not well established in the market for a long term. For now bitcoin will be holding the market as a leader, but not sure who will take over in the future.

Bitcoin is the cryptocurrency of the future since all markets in the cryptocurrency world is dependent on bitcoins value. The moment bitcoins value will crash all the market will also crash and if bitcoins market will go green then all market will turn green. If bitcoin will shut down there will be chaos in the cryptocurrency world and possibly all people will panic selling all kind of their cryptocurrency coins.

anonymity is hardly a valid point for bitcoin now?
I read that 15% of the bitcoin code is written by satoshi, which either way is irrelevant since 'anyone' can contribute code?
I'm not entirely sure how github works for example but it's clearly there who's contributing what, is it not?

Bitcoin is the cryptocurrency of the future. The price of cryptocurrency is dependent on the world market. Bitcoin prices may crash in the market anytime. Bitcoin may be crypto in the future. Because the biggest countries in the world are accepting Bitcoin. As a result, its use and demand continue to increase. Moreover, the price of Bitcoin is rising compared to the previous. So predictions can be made of this future coin.

just FYI a mining pool is not the same as a mining farm. a mining farm owns hashrate because they own the mining equipment. a mining pool is just a server that other miners that own hashrate connect to. so for example if I were a miner with 5 ASICs mining bitcoin, I connect to a mining pool like BTC.com and as a result I will be a part of that 29.6% that you are seeing on that chart.
if some day I see BTC.com is making decisions that I don't agree with, I will simply switch to another pool and decrease that 29.6% and increase another pool's percentage.

in short mining is more distributed than this chart shows.

Thank you! That's actually really important knowledge.
It'd be interesting to see a chart that accurately shows the decentralization!

There is no reason why it should be the crypto in the future but it was born to be the cryptocurrency and be the winner in the line of the same.

What do you mean 'be the winner in the line of the same'?

yes bitcoi will be the best crypto in the future bcz btc is more advance than other.transaction is easy and btc can proceed huge transaction.
its strong and its best to use.its user frndly

I don't see why bitcoin is more advanced than other cryptos, nor why it's easier or why it could process larger transactions?
There's plenty of alternatives out there, with more functionality, faster, is there not?
I see the only gain is how well distributed Bitcoin is, because no new coin can ever acquire the same kind of distribution, since now everyone is aware of any new crypto that comes out, therefore, people can collect a large amount early on, since people are now always prepared for all the good projects. Compare this with when Bitcoin was created initially, all these years of low value, crashes, people who sold, traded, lost their wallet access etc - the coins are distributed in a way that can never happen again. I believe this is why Bitcoin is #1.

Lets see what will happen in the future. It doesn't mean because bitcoins is the most popular crypto now a days it will last until the end. It depends on the supply needed.

Because the bitcoin is the pioneer of cryptos and until now there are still bitcoins over, so many people will still see this coins, and experience it , it will live until the future comes, and bitcoins is the best and advance crypto nowadays so it will remain and still standing! And also it is well gained and distributed crypto no crypto is better than it

of course this place is to be, since we understand that the blocking system has already entered our life and there is definitely no way back, and all that is now being built on the blockade is our future, just for it to become more mass, it takes time, I think that by 2021 most of the companies will switch to the block system

Yes,bitcoin has got lot of fans..And in the future bitcoin still going to rule like the way it's going on and on.

I don't believe that there is any hard and fast rule or any other solid reason for Bitcoin to be the best crypto in the future. It is, in fact, the first to be in the arena and has proven to be a valuable asset over the years. Anyway, there can be and will be some other coins which may come closer to the Bitcoin or sometimes go pass it as well as there's nothing is fixed or guaranteed to be the best in any field or a sector.

Of course is a know fact that Bitcoin is the grand father of all coin so is gonna be the future coin worldwide. But this doesn't mean that other coin will go into extinction.

Bitcoin is not the crypto of the future.
IT is already! BTC will keep the top spot for now and the future.
we all know that everything in cryptocurrency starts with bitcoin.

Right now there are technologies that are supposed to excel but no one is known or that is also spread like bitcoin, for example if they all stop mining at the same time, the scale will be resolved promptly. Why can not it be one of ten or twenty or fifty? Each coin has a slightly different utility or structure.

the difference is not always good. the changes that some altcoins make is actually making things worse. some designs are in a certain way because that is how they should be and changing it can cause irreparable damage. but altcoins do change those and introduce new flaws in their systems. and that is the main reason for them not being used.

Yes i agree, cryptocurrency like bitcoin can change lives, bitcoin is more than just digital money, its all about equality ,access and its here to reshape the economic fabric of modern society,in bitcoin will surely lead to a better quality of life for all.

I mean there really is NO REASON that bitcoin MUST be the crypto in the future. Though it's the only thing we can go off of now because Bitcoin has been the only Crypto that has MEANT ANYTHING during our time. I know that some people will point to ETH and coins like that, but they've always been (and in my mind) always will be the number 2 to bitcoin. Bitcoin is a revolutionary currency which can be changed and fixed, by the people, if they want to see change in the code (such as the LN, segwit, etc)

We don't NEED altcoins, we can pretty much take all of the good things about other coins and merge it into Bitcoin to make it the way that WE want to see Bitcoin. Some people may not agree with Bitcoin being changed like this, but if people can agree on it then it will be done. We'll see what the future holds though

Maybe the better question ,"is there any reason why bitcoin wont be the future crypto coin"?

Because i can see more reason for this great coin to be future currency than to be not,

Remember that blockchain is the first technology to be uses here in this community and bitcoin is the first coin as well.so whats the reason for this not to reach future as top coins

As a means of payment, bitcoin could become attractive to future generations. First, it is attractive to make payments without commission. Secondly, bitcoin helps circumvent the restrictions on cross-border movement of capital. I believe that in the future the volume of settlements in bitcoin and crypto-currencies will increase.

Can you explain why you think so? It does not need to be dominant. It is "based" on a technology that is unique and out-of-the-box. That is enough for BlockChain to be a pioneer for the future.

If miners stop mining then this is what that will happen. Say we consider three miners in one certain crypto network. The rewards are being distribute among them three proportional to the amount of Hashpower they put in. If two of them stop mining, then all the reward goes to the third person. Thus making mining profitable for the one who owes loyalty to the chain.

Bitcoin is already a crypto and its dominance is there  and will remain in future too till the time we see a new coin like bitcoin outshine.

As I see it is like this, any exchange currency's value depend on how much that particular currency accepted by the people. in that point of view, there is no any other coin that has won the faith of people. That's why bitcoin has been considered as the king of cryptocoins. but I admit there are some bad sides of bitcoin compared to other new coins. Bitcoins is slower and transaction fee is higher. so you can't get the full usage of the blockchain due to those shortcomings of bitcoin. but yet again still there is no any other coin that is as popular as bitcoin. so bitcoin is the king. we have to admit it.

I have read your post and think that you have provided the sufficient reason for the btc to be the crypto in the future. I think it deserves this status being the best coin ever and being the safest

I believe that bitcoin will continue to be the no.1 cryptocurrency in the future aside from being the first ever cryptocurrency to achieved greater heights and also because of the original blockchain technology that made bitcoin to continue all these years. Due to it's popularity, many ICO's and altcoins were now in the market venturing to join in this crypto era hoping that these coins could also be acknowledge by the investing public.

I am not sure there are any solid projects that can claim that they are superior to bitcoin with better technology which can scale like visa or paypal, if anyone can claim that they can scale on that magnitude then i will say it is a better technology, other than that bitcoin is the coin.


It is impossible to think that the mining pools would collaborate to create chaos and put an end to their earning opportunities, so it is out of the question and they wont stop mining even if the mining rewards are reduced, the price would increase accordingly. Check out the increase in hash rate in the past few months and you would understand why.

Nothing can be said. The shortcomings of Bitcoin cannot be ignored also, but can be deterred easily if we want, by managing bitcoin investment risks. With a stronger presence in the global money market and more and more of stability in the price as time is advancing and the acceptance is growing, it can be the easiest type of currencies available online in the future.

 The future of Bitcoin is basically, like nothing, but all speculations. There are many favorable responses from people across all of the countries of this world, and it has a very huge potential to come up as the next big thing of the times.

I believe it yes. Once they will be regulated by different countries, it will become true. But it will take time. There are many benefits of crypto over fiat.

We can't know actually unil we get there. We'll just have to wait if bitcoin stays at the top in the future or there will be another crypto that will be up there. all we can do for now is speculate.

Bitcoin will continue to be the best in the future.
Because Bitcoin is attracted by many people.

We can see that the Bitcoin capitalist market is huge. You can check all of them here: https://coinmarketcap.com/currencies/bitcoin/

Dont comment on things you dont understand mate. Crypto is unregulated and it will remain like that. Thats one of the things that makes it different from fiat and thus the importance. Governments want to take care of your money by issuing fiat for usage but crypto provides the channel for you to use it with partial anonymity and without regulations.

Can you please make your posts a bit more detailed as to why it is attracted to people? That woul actually improve your post quality when you put in more effort to write.

The attraction if you ask me was the price pump back in December 2017. It drew a lot of mainstream investors.

Maybe because it's the first cryptocurrency that came out but remember, that it's still in the testing process hence flaws still keep coming up. If you ask me and we talk about the future, perhaps some decades away from now, there will be new cryptos that will come out which will go through a newly developed untraceable blockchain which will make no space for any potential fraud or scam.

Yes there is a big reason why bitcoin has to be the crypto in the future because as we see in the crypto market bitcoin is the most popular and most profitabilty in all cryptocurrency.Bitcoin technology one of the favorite of many people in crypto market.

Bitcoin decentralized because data transaction spread all around the world. Its unhackable because hackers can not duplicate bitcoin transaction. I dont understand about mining server but the reason bitcoin is future currency because bitcoin supply limited and bitcoin network secure

I think most important reasons are:

• It is old and trusted, has been growing in several years
• It has a large community, many users
• It is being developed everyday by many developers, they often fix bug and add more features.

Although it is a nice idea that bitcoin has to be the crypto of the future, I firmly disagree with your idea. Don't you think it will be better for the crypto world if bitcoin and the altcoins be the cryptocurrency of the future? It does not have to be just one crypto to be the only coin of the future, it will be much better if it is just one of the many.

For me, I think because bitcoin is more dominant than other crypto coins.

a lot of people believed in bitcoin! Today bditkoin is a real e-currency, the biktoin has no competitors! all the other tokens are not money, they are just valuable assets or valuable electronic things! on this bitcoin will be the strongest information currency!

We all know that bitcoin changed many people life because it is the best way to have an extra income fast and easy. There are many people that uses bitcoin and many investors in bitcoin. Even the value of bitcoin for know is low, it will rise again after a year. Bitcoin is the number 1 cryptocurrency and it will never change.

bitcoin remains supreme over all crypto right now since it was the first to gain some form of value and acceptance over people. many people right still believes that bitcoin is the top cryptocurrency even though it lacks some fancy technologies and cool things which cryptocurrency has right now also the most sought after cryptocurrency due to its value, and it's also the most famous cryptocurrency that people hear that once people got over bitcoin and the interest about it wane, it would die a pitiful death, though I don't see that coming even in the nearest future better cryptocurrency with better technology out there, sure, but people's eyes are on bitcoin right now. If it remained that way for decades to come, bitcoin's dominance would remain...

Bitcoin for now resigns on every cryptocurrency. it's the supreme coin among the cryptocurrency now and I believe surely, bitcoin will take over the cryptocurrency industry because of its popularity and it's nature.

The price of cryptocurrency is dependent on the world market. Bitcoin is already a crypto because it will ease of way payment transactions system, new technology make more improvement to the bitcoin .

No other money has won the trust of people like bitcoin but I admit there are some bad sides of bitcoin compared to other new coins. So you can not use the entire blockchain due to the shortcomings of bitcoin. so bitcoin is king. I have read your post and think you have provided enough reason for btc to become cryptographic in the future. I believe bitcoin will continue to be the number 1 cryptocurrency in the future besides being the first electronic money bag. The hours have reached a higher level and also because the original blockchain technology has made bitcoin continue all these years. Nothing can say. With a stronger presence in the global currency market and increasingly stable in price as time is progressing and acceptance is rising, it may be the easiest currency available online in the future. hybrid. There are a lot of favorable reactions from people all over the world, and it has a huge potential to become the next big thing of the day. Once they are adjusted by different countries, it becomes true. There are many benefits of crypto on fiat. We'll just have to wait if the bitcoin stays at the beginning of the future or there will be another encryption going on there.

Bitcoin offers nervous consumers a more secure alternative to the more traditional payment methods. Since the Bitcoin transactions are entirely anonymous, the security is built in from the start. Bitcoin users benefit not only from the privacy and security of the transactions, but from other advantages that go far beyond financial security. Those living in repressive regimes have been turning to Bitcoin to make purchases, transfer funds, and live their lives far from the prying eyes of their governments.

Bitcoin have most powerful developers which making blockchain software for long time.
And btc have big support from comunity

Bitcoin can easily be understood by the populace with ease. I believe  more individuals would be much interested in accepting the use of bitcoin as a mode of transaction than any other digital currency in the world. Hence through some sort of regulations, bitcoin  would be easily appreciated and put to use.

Unfortunately for bitcoin there is no ground breaking reason why BTC has to be the leading crypto, it just happened to be the first and most widely known cryptocurrency out there.

Now most of the other ones "altcoins" are all based somewhat of the btc blockchain tech. And some of these may even be better than BTC in terms of efficiency and security. But like many have stated here, BTC is the most known crypto out there by far. Hence the only reason of why BTC has to be the one is that it is widely known by the mass and have been somewhat accepted as a payment system in some areas of the world.

But to simplify the thinking, we could think of blockchain tech as the "internet" and btc as the browsers. BTC could be like "internet explorer" but who knows in the future? just like "IE" kinda died out there are new faster more efficient browsers like chrome, firefox etc.

I would say, in any case, BCT will be around for some time so or so.

One of the main reasons why Bitcoin can stay for a long time is the Security, the biggest blockchain, still trustable!

Bitcoin can not be also the crypto of the future for thousand of motivations.
People speak about bitcoin because is adopted for its long history.

Well bitcoin doesn't have to be the crypto of the future. Sure it will go down in history as the father of crypto and the bearer of blockchain's early years but it's inevitable that somewhere along the way, probably in the future, there will be alts that can further push this market forward.

Altcoins will always be secondary to bitcoin. Considering the purchasing power using different crypto for other crypto the biggest orders are always in either fiat or btc and sometimes eth. There is always the market and the demand for altcoins to grow but they will not become bitcoin 2.0 because there does not exist and will not exist anything that is like that.

Perks for those who are in the first world countries. Glad we are not in the same situation because in future who knows SEC might want want to jump onto cryptos as well.